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Quote from: aylabadia05 on September 13, 2024, 02:48:55 PM

Quote from: buwaytress on September 13, 2024, 02:04:37 PM

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

I don't think you're the only one who has used bitcoin as a store of value asset or long-term investment. Over time the price will grow and give us a return, while we can sell some parts when the price is really profitable. I also keep bitcoins instead of keeping fiat in a bank account, for me this is the best option because of its potential value growth.

Bitcoin is not yet an asset for my retirement fund, so so far it is still only a long-term investment. I can take advantage whenever I want, of course as long as the price is still above my purchase price. It's very simple, while I try to accumulate as much as I can, especially if I have money.

Many of us are into bitcoin precisely for this reason, saving in fiat makes no sense as if I kept my savings for 20 years, it is a sure thing I will not be able to buy much with it at the time, but if instead I keep that money in bitcoin it is very likely that at least bitcoin will keep up with inflation, and if it outpaces inflation, as it has done during the previous years, then I will be able to buy more stuff in the future with my bitcoin, which makes it a very effective saving tool compared to fiat.

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Quote from: buwaytress on September 13, 2024, 02:04:37 PM

Quote from: Jewan420 on September 12, 2024, 02:45:45 AM

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

I don't think you're the only one who has used bitcoin as a store of value asset or long-term investment. Over time the price will grow and give us a return, while we can sell some parts when the price is really profitable. I also keep bitcoins instead of keeping fiat in a bank account, for me this is the best option because of its potential value growth.

Bitcoin is not yet an asset for my retirement fund, so so far it is still only a long-term investment. I can take advantage whenever I want, of course as long as the price is still above my purchase price. It's very simple, while I try to accumulate as much as I can, especially if I have money.

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Quote from: Jewan420 on September 12, 2024, 02:45:45 AM

Quote from: buwaytress on September 11, 2024, 08:14:23 AM

Agree, but I'd be agreeing at each and every single price you'll put up Wink

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I liken investing in the DCA approach to pensions. Because a pension is a part of his salary saved by the organization while working, which is paid to an employee after retirement as a pension. The pension system is very long-term, lasting up to about 25-30 years.

We can invest Bitcoin in DCA method like a pension, which can be part of retirement plan. I think if someone builds a savings fund from the start of his working life by investing in bitcoins on his own initiative, he doesn't have to worry about leisure time. I would not call such saving as investment, I would call it starting a self-pension system. If a person saves $100 per month, his working life will be extended by at least 30 years. Therefore, if you start saving from the beginning of your working life, you can save $100 × 12 × 30 = $36,000. Considering the Bitcoin price growth after 30 years, I think the DCA method will yield about 2x profit even after calculating the cost. That means $36,000 in savings and $36,000 in profit is what we can expect from Bitcoin. Even after holding for such a long period of time can get more than 2x profit.

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

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Quote from: beerlover on September 09, 2024, 12:51:24 PM

Quote from: Franctoshi on September 07, 2024, 07:41:08 AM

I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

That is exactly the same, a lot of us just buy and get as much bitcoin as we can, while we do touch just a bit of it, the rest is untouchable, doesn't matter what the price is, we end up not touching it at all. I believe that we are going to end up with nothing substantial by just trading alone, so we invest long term with most of our money. I am not saying that we shouldn't really do that, we do have chances to get better, we just need to get better at this, and because of that things could change a bit.

I believe that we are going to end up with some issues that wouldn't be the same and because of that things will of course be different. I believe if we keep this up, then we can hold more and get a lot of profit from holding.

Getting to a point where you can hold most of your coins was a tough path but a lot of people who reach there never wants to go back. Having some bitcoin that you can trust yourself to do as well as you can is a great feeling and I think it will be something that I will try to cherish forever.

I will hold it until I retire, I will get more and more, and I hope that I will never have to sell it, because it doesn't feel like a smart idea to sell it, so I try to hold it as much as I possibly could, which makes it a lot better and could be something that benefits me as well. I know that it takes a while, but we can reach to a point where it is going to be a decent situation, we should consider that as a good thing because we are capable of making profit from holding it. Many people end up trying to find ways to make money from all kinds of complicated things, but the reality is that we are not really seeing anything that crazy at all, it is very normal if you ask me, it is not complicated at all.

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Quote from: buwaytress on September 11, 2024, 08:14:23 AM

Quote from: BitcoinGirl.Club on September 07, 2024, 03:30:12 AM

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up Wink

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I liken investing in the DCA approach to pensions. Because a pension is a part of his salary saved by the organization while working, which is paid to an employee after retirement as a pension. The pension system is very long-term, lasting up to about 25-30 years.

We can invest Bitcoin in DCA method like a pension, which can be part of retirement plan. I think if someone builds a savings fund from the start of his working life by investing in bitcoins on his own initiative, he doesn't have to worry about leisure time. I would not call such saving as investment, I would call it starting a self-pension system. If a person saves $100 per month, his working life will be extended by at least 30 years. Therefore, if you start saving from the beginning of your working life, you can save $100 × 12 × 30 = $36,000. Considering the Bitcoin price growth after 30 years, I think the DCA method will yield about 2x profit even after calculating the cost. That means $36,000 in savings and $36,000 in profit is what we can expect from Bitcoin. Even after holding for such a long period of time can get more than 2x profit.

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Quote from: buwaytress on September 11, 2024, 08:14:23 AM

Quote from: BitcoinGirl.Club on September 07, 2024, 03:30:12 AM

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up Wink

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I do agree that putting some money into it each month is a great method and I think that will be the way to get rich as well. If you keep doing that for five years to ten years, the end result will be insanely profitable. Not only you would have a good principle that you put in, but you will also have an insane increase thanks to bitcoin going up as well, it should be something that could benefit a lot and we should consider that as a way of retirement plan as well.

Not a lot of people do that unfortunately, a lot of people think that crypto is something to get rich quick, they do not see it as a retirement plan to do for 10+ years, but if they could see it that way I think it would be a great way to make some great money as well, it would actually allow people to do something nice with their money.

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Quote from: BitcoinGirl.Club on September 07, 2024, 03:30:12 AM

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up Wink

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

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Quote from: Franctoshi on September 07, 2024, 07:41:08 AM

I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

That is exactly the same, a lot of us just buy and get as much bitcoin as we can, while we do touch just a bit of it, the rest is untouchable, doesn't matter what the price is, we end up not touching it at all. I believe that we are going to end up with nothing substantial by just trading alone, so we invest long term with most of our money. I am not saying that we shouldn't really do that, we do have chances to get better, we just need to get better at this, and because of that things could change a bit.

I believe that we are going to end up with some issues that wouldn't be the same and because of that things will of course be different. I believe if we keep this up, then we can hold more and get a lot of profit from holding.

Franctoshi

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I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

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Quote from: aoluain on September 07, 2024, 03:15:52 AM

The most important word in your post is "patience" there are a lot of people
out there who just have none, they want quick returns so DCA is not what they do.

And that makes them lose more instead of profiting. The attitude towards the market with this type of approach of being impatient and wanting tremendous gains overnight will always land them to the wrong investments and much worse, to a scam. I agree that being patient is always pays off and I have got that experience of being impatient in the past bull run and that surely paid me a bad experience that I've learned already. So for those that are like OP, it's best that even if you have little in your purse, keep on accumulating and it's always about the attitude of yours towards the market and the actions that you're doing for yourself to be prepared before the great bull run comes.

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BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

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Quote from: KingsDen on July 02, 2024, 08:48:15 AM

I type the title twice because I am not sure if the word DCA-ing exist. I know of the DOLLAR COST AVERAGE (DCA), but I don't know if it will be correct in gerund form. w/e. Crashing in an inn while BTC is crashing. Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run). I AM DCA-ING, I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. You guys can spot the low and buy in LUMP. The weak hands will say IT'S GOING DOWN, I'LL SELL. You give your BTC at discount to the whales. For me, if BTC up, I'LL BUY, if BTC down, I'LL BUY. I am not lossing like you because I buy at HIGH and LOW (average). I don't buy with my house rent or with the bucks for beer. I buy with the money I was supposed to save in FIAT.
Now I don't bother if BULL RUN comes or not. If it doesn't happen we wait for 2029/30.
I don't lose, you can only lose if you sell to traders. Remember BTC has halved again, it is more scarce and if you sell your children and grand children not gonna have any BTC left for them.

so i've had some bitters
actually on the bottle it's spelled Alamo bitters
w/e
sue me
(I'll pay during the bull run)

Reference/concept from: I AM HODLING

Well done, welcome to the DCA-ing / DCA-ers club!

I have been DCA-ing for about 2 years now but mostly on the dips. I dont try and
ti.e the bottom its impossible for me, I too tried trading and lost. Only difference is
that a lot of the tome I spend my beer money too!

Quote from: Alpha Marine on July 02, 2024, 01:01:02 PM

One thing I do not understand is why people who have money complain when bitcoin dips, why can't they see that's an opportunity for them? Long term holding of bitcoin always pays, you just got to be patient enough. I said people who have money, because I know holding is not easy for those who don't have money, but as long as you have a source of income, you should be able to hold bitcoin for a long term. It just requires planning, discipline and patience.

If you have a source of income, that's all the capital you need to have bitcoin. It's not compulsory to be a trader, just hold your bitcoin and make profit from it. All you got to do is DCA and be patient.

The most important word in your post is "patience" there are a lot of people
out there who just have none, they want quick returns so DCA is not what they do.

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Quote from: Fiatless on September 05, 2024, 06:40:33 AM

DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge.

If you are into simplicity, then that is right. This should fit for you. Complicated strategies do also have their own benefits, so this should compensate the hardships that we experience learning them. There are still people who likes being challenged, so they will like it even more. Saying that 'anybody' can adopt this skill seems irrelevant because this includes people who already have an experience.

So, definitely they can adopt on it very easily. What you said in crypto trading is true but apart from specialized knowledge, I think we also need a luck here. That being said, losses can still be experienced even for an experienced trader if they lack in luck by the time they make a trade. You have a good advice to the newbies there but it is sad that there are still plenty of them who can ignore it. The losses that they can get must be their karma.

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Quote from: betswift on September 06, 2024, 12:42:21 AM

You are right. It's great for accumulation and watching the market without any fear in fact, because you will buy X anyways no matter the price (BTC, in this example).
This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC Grin

which isn't eaten up by volatility).

Using DCA method gives you a chance to buy Bitcoin without think about the price moving. You only need to focus with when you should buy and collect more Bitcoin. That can also reduce your average buy price which is not too high so when the price start to moves up, you will see how much your profit.

The important thing is you can have more and more Bitcoin amount using DCA in any low or high price. But you can buy more when you see the price down or getting a correction at the market. You can relax yourself without worry with the market movement because you have your own method to accumulating Bitcoin.

Quote from: darkangel11 on September 06, 2024, 02:23:51 PM

Don't worry about it. Statistically the best traders are those who are dead. I've read that accounts of people who did no changes for the last 20-20 years did above average, so most people take unnecessary risks. My strategy is simple: hold bitcoin because it appreciates and is better than holding fiat money and real estate and I will be able to give it to my children without having to pay any taxes on it because nobody knows that I have it.
Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.

You have the best advice for those who still hold Bitcoin so they can continue to hold Bitcoin. We only holding fiat to buy our needs and urgent needs and left the rest of the money in Bitcoin. And with buying Bitcoin using DCA method, we can prepare our family future especially when Bitcoin price will surge to the highest price so we can sell it to take the profit. From that profit, we can use it for our family and that can change our life be better so we still have our investment because we can buy back Bitcoin when the price get a deep correction.

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Quote from: Mpamaegbu on September 06, 2024, 01:34:22 PM

Quote from: KingsDen on July 02, 2024, 08:48:15 AM

Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run).

Honestly, I had to read your words in parenthesis twice. It made sense that there could be possibility of people with that thought pattern and I won't blame anyone for thinking so as market seems to most times be dipping than it's rallying up. Nevertheless, I think those who've that mindset should peruse historical data so they realize that there's always a post halving rally and we haven't seen that yet. 2025 is the year to be scared if we begin to see this pattern of range we've now. Until then, we aren't in the bear. It's just occasional price corrections we've.

people in general afraid that they caught off guard and becoming the exit liquidity, since bitcoin market always has this surprising element to the bitcoin holders, they think this bullrun around might not be the same as previous bullrun and current ATH is peak ATH of this bullrun which is $74k and it will go downhill since that ATH.

but seeing the yearly timeframe of BTC, in 2021 there was some big bear trap that sideline so many traders so expect that there might be some big bullrun as well.

the market dipping so hard doesn't mean it will dips together tbh, if thinking by logic, current recent dip is to make paper holder to sell their bags so the bullrun can sail smoothly.

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Quote from: Moreno233 on September 05, 2024, 04:10:55 AM

Quote from: Finestream on September 03, 2024, 06:59:45 PM

Quote from: Jewan420 on July 02, 2024, 12:02:34 PM

Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.

Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know.

When you place DCA method and trading side by side, it gets me confused because I understand the DCA method as a way of building Bitcoin portfolio over a long period of time. Since, it involves buying small amount per time, it does not seem to involve buying and selling at the same time within a short period of time. Like you said, regardless of the entry method, as long as the investment is for a long period of time, it will be profitable whereas trading is for a short period where the investor is continuously exposed to risk because of being eager to sell.

Don't understand also why he talk about trading if he want to do DCA. Since there's no point for try other risky matter since it will just ruin everything you do especially with your portfolio built up using DCA method.

Maybe best with that is to focus on his accumulation and forget about trading because, there's huge risk that he would just use his accumulated funds on trading especially if he lose since they might think about take that funds and then repay what he used after he earn or recover his money from trading which is really another bad decision to be done.

I guess he's just confused about the words he used and its fine since somehow people can improve the way how they handle their strategy learn and implement it to real time especially with their investment made with bitcoin.

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Quote from: Fiatless on September 05, 2024, 06:40:33 AM

DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge.

We have many bad traders but they do not admit it because they think people will laugh at them and still they do not stop trading. Just as we have gambling addicts, we have trading addicts and since people do not talk about them that much, many others do not know that we have people that have a problem of trading. You can make profits from trading but do not do it when you know you are not good at doing it. Just as the OP has said, you can DCA and you will still have a good result at the end of the day because those who are investing are not going to be losing as those who are trading are doing. Trading is only good when you can be guaranteed that you are good at it but investing can be done by everyone without considering if you have studied how to invest or not, by just DCA and you are good.

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Quote from: ethereumhunter on September 03, 2024, 08:59:52 PM

Kudos for you because you admit that you are a bad traders Grin

I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.

Don't worry about it. Statistically the best traders are those who are dead. I've read that accounts of people who did no changes for the last 20-20 years did above average, so most people take unnecessary risks. My strategy is simple: hold bitcoin because it appreciates and is better than holding fiat money and real estate and I will be able to give it to my children without having to pay any taxes on it because nobody knows that I have it.
Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.

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Quote from: KingsDen on July 02, 2024, 08:48:15 AM

Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run).

Honestly, I had to read your words in parenthesis twice. It made sense that there could be possibility of people with that thought pattern and I won't blame anyone for thinking so as market seems to most times be dipping than it's rallying up. Nevertheless, I think those who've that mindset should peruse historical data so they realize that there's always a post halving rally and we haven't seen that yet. 2025 is the year to be scared if we begin to see this pattern of range we've now. Until then, we aren't in the bear. It's just occasional price corrections we've.

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Quote from: ethereumhunter on September 05, 2024, 11:37:59 PM

Quote from: Fiatless on September 05, 2024, 06:40:33 AM

DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly.

They can use DCA method to buy Bitcoin by using a schedule so they will not miss the time to buy Bitcoin. They also don't have to think much about the price because their purpose to buy Bitcoin is about accumulating more Bitcoin until it is enough to stop. This method is easy to use because they need to prepare the money and know when they should buy Bitcoin and hold it for some time.

Many people benefit using DCA method so this time, they still trying to use DCA to accumulate more Bitcoin. Besides that, this strategy helps people who doesn't have much time to analyze and trade because their focus is only saves as many Bitcoin as they can using DCA.

You are right. It's great for accumulation and watching the market without any fear in fact, because you will buy X anyways no matter the price (BTC, in this example).
This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC Grin

which isn't eaten up by volatility).

Topic: I AM DCA-ING (Read 852 times)